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Posts Tagged ‘DeLong’

America’s Broken System

Posted by hkarner - 8. Dezember 2017

J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

The tax-reform bill that US Republicans are attempting to implement is economically indefensible and blatantly unfair. But the US has a much deeper problem: the Anglo-Saxon model of representative government is in serious trouble, and nobody seems to know how to fix it.

BERKELEY – The tax bill that US Republicans have doggedly pushed through Congress is not as big a deal as many are portraying it to be. It is medium-size news. The big news – the much more weighty and ominous news – lies elsewhere.

Of course, medium-size is not nothing. If the tax bill does clear its final hurdle – a conference committee must reconcile the Senate-approved bill with that of the House of Representatives – and become law, it will complicate the tax system considerably, as it opens many loopholes. It won’t have any impact on economic growth – positive or negative – but it would have an impact on the government’s finances, causing revenues to decline by the equivalent of about 1% of national income. Den Rest des Beitrags lesen »

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The New Socialism of Fools

Posted by hkarner - 8. August 2017

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Public Spheres for the Trump Age

Posted by hkarner - 5. Juli 2017

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Where US Manufacturing Jobs Really Went

Posted by hkarner - 4. Mai 2017

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Artificial Intelligence and Artificial Problems

Posted by hkarner - 4. April 2017

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Rethinking Productivity Growth

Posted by hkarner - 4. März 2017

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Trading in Trump’s Lies

Posted by hkarner - 3. Februar 2017

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The Age of Incompetence

Posted by hkarner - 29. Dezember 2016

 

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Missing the Economic Big Picture

Posted by hkarner - 29. November 2016

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The Economic Trend Is Our Friend

Posted by hkarner - 1. September 2016

Photo of J. Bradford DeLong

J. Bradford DeLong

J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

AUG 31, 2016, Project Syndicate

BERKELEY – These are days of grave disillusionment with the state of the world. Sinister forces of fanatical, faith-based killing – something that we in the West, at least, thought had largely ended by 1750 – are back. And they have been joined by and are reinforcing forces of nationalism, bigotry, and racism that we thought had been largely left in the ruins of Berlin in 1945.

In addition, economic growth since 2008 has been profoundly disappointing. There is no reasoned case for optimistically expecting a turn for the better in the next five years or so. And the failure of global institutions to deliver ever-increasing prosperity has undermined the trust and confidence which in better times would serve to suppress the murderous demons of our age. Den Rest des Beitrags lesen »

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